BankThink

A report says the Fed has approved the bank’s risk management proposal, although it’s not home free yet; JPMorgan Chase is investing $200 million to help minority firms become Fortune 500 giants.

For years, many companies have spoken about becoming more digital, transforming their business and reducing waste, but always in the context of those journeys being multiyear projects.

Few businesses accept bitcoin for payments, but as Tesla and other big companies get on board that could change, says T1 Payments' Donald Kasdon.

Michael Moeser, Senior Analyst at PaymentsSource, talks to Brian Barth, CEO of Uplift, about how the buy now/pay later space continues to develop.

Consumers who have felt betrayed by banks are more likely to turn to mobile apps that give them a greater sense of financial control. Bankers must reconnect with these people and reassure them that their personalized advice is safe and valuable.

A federal judge ruled that lenders can keep $500 million the bank erroneously wired to them; the president extended the moratorium another three months, to June 30.

Despite a culture of innovation, cash is still king in Japan. That paradox gives Japan a chance to leap ahead of other countries in payment innovation, says Fime's Takahide Kadoyama.

With the introduction of open banking, different department managers have wider access to modern transaction tools, says Trovata.io's Brett Turner.

Others, like JPMorgan Chase, have shut down their mobile-only brands. But Rising Bank, Midwest BankCentre's three-year-old neobank, is meeting its deposit goals, adding new products and avoiding cannibalization, says Dale Oberkfell, the bank's president.

About 19 million loans, worth $7 trillion, are still strong candidates for refinancing; the pandemic has demonstrated the need for banks to close branches and cut jobs.